Toshiba didn’t settle when confronted with allegations of price fixing, and today the company might have to pay the cost. A jury passed down a verdict within the District Court for that Northern District of California today, punching the company with $ 87 million in damages included in a class action suit.
The civil suit, separate in the criminal charges a number of its alleged co-conspirators faced, wrapped today with all the decision to award consumers $ 70 million and gave $ 17 million to manufacturers who purchased you can actually panels. Toshiba might not actually have to pay for up, yet , because of settlements struck by others swept up within the same scandal, that could cover the damages.
Regardless, the business maintains its innocence and also plans to pursue “all available legal avenues” to reverse your decision. For further of Toshiba’s response, browse the PR following the break.
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